FEATURES:
High gold prices have led explorers to set up camp in what were previously considered challenging jurisdictions. The gains from such 'first-mover' advantages can be considerable. We look at the companies in the vanguard and the areas where they're drilling.
Annuity payouts are at an all-time low and are about to get even worse.
SEVEN DAYS:
■ All you need to know about investing in the past seven days: what's rising, what's falling and what's making the headlines.
NEWS:
■ West Coast line will challenge FirstGroup, union violence hits Lonmin's shares, AstraZeneca feels the burn and bid boost for United Utilities. Plus: shipping is in crisis, but steady volumes and diversification are helping some.
ECONOMIC OUTLOOK:
■ China's crisis of confidence - Additional stimulus might not be enough to stop China slowing further.
COMMENT:
Our columnists offer in-depth analysis and investment ideas:
■ No free lunch - The weird world of PFOF: Does your broker receive payment for order flow?
■ Mr Bearbull - Changing cycles: Mr Bearbull corrects an imbalance in the sector selection of his income fund.
■ Simon Thompson - Our companies editor believes the ECB will announce a major bond buying programme that will underpin a strong equity market rally.
YOUR MONEY:
Financial planning, tax and investment wisdom:
■ Reader portfolio - Our young reader is off to a good start, but doesn't yet have a big enough portfolio to invest in shares.
■ Financial planning - How grandparents can fund school fees.
SHARE TIPS OF THE WEEK:
■ A global agribusiness concern that will benefit from rising corn prices and other trends.
■ A small UK-traded firm that's also poised to benefit from higher crop prices.
■ Shares in this well-run play on the London economy trade at an unjustified discount.
■ A high share rating, weak economies and low barriers to entry make this healthcare services group a sell.
FUND TIP OF THE WEEK:
■ Strategic bond funds make more sense than plainvanilla ones in current market conditions - and this one is a strong offering.
SHARE TIP UPDATES:
Latest views on:
■ Grainger
■ Mitie
FUNDS:
■ Fund news - Commercial property valuations are falling again.
■ Share I love - BlackRock's Richard Plackett explains why he has recently topped up his holding in Senior.
■ The big theme - Everyone knows that passive funds cost a lot less to run than active ones. But which are the cheapest - and are they the best?
■ Interview - Iain Stewart explains how stock-picking beats fancy hedge fund techniques when it comes to preserving wealth.
SHARES:
The lowdown on the latest company results:
■ Amec
■ Aviva
■ Bumi
■ Centamin
■ CLS
■ CRH
■ Enquest
■ Kerry
■ Lookers
■ Mallett
■ NWF
■ Petrofac
■ Savills
■ SDL
■ Tribal
■ Sector focus - Why energy beats water.
■ Stock screen - Big high-quality winners.
TAKEOVERS:
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TRADING:
■ Trading news - Follow the smart money: it pays to follow clued-up traders.
■ Trading ideas - Chart-driven calls on Arm Holdings, Dax, euro/yen and Pennon.
■ The Trader - The Trader is underwhelmed by the market's latest action and considers the prospects for a September shake-out.
